ONGC's KG Basin ambitions-I: Development plan for ultra deepwater prospects by early 2018

Apr 05: ONGC claims that Rs 34,000 crore Cluster-II investment in the KG-DWN-98/2 is part of a larger plan to tap more resources in the block8ONGC has now begin working on Cluster-III prospects as well, where the findings are in deeper water depths.8The confidence levels have been low on tapping such deepwater resources but conversations have begun with international experts8An investment plans is to be finalized by early 2018, according to ONGC8First gas from the block, by from Cluster-II, is likely by 2019 and this single project will raise ONGC's output by 27%Click on Reports for more